Los Angeles Tax Lawyer Reveals Tricks Of The Trade. Call 818-584-2175

1. Appeal for Franchise Tax – Hire a Los Angeles Tax Lawyer If you are dissatisfied with your current franchise tax liability, hire a professional Los Angeles Tax Lawyer to guide you through the tax appeal process. If you find yourself dissatisfied with your current tax burden, you’re not the only one, there is a long list of business owners who are seeking relief through tax appeal processes. If you’re a business entity and you think that your franchise tax are too big, there are ways to appeal the decision. You don’t have to accept the franchise tax bill you receive year after year. It’s entirely possible to get your taxes reduced if you file an appeal with the Franchise Tax Board in the state of California. The Tax Franchise Board in the state of California imposes a franchise tax on specific businesses, such as: • Traditional Limited Liability Companies (LLC) • S Corporations (S-Corp) • Limited Partnerships (LP) • Limited Liability Partnerships (LLP) • Corporations (C Corps) If your business is in one of the mentioned business entities, there is absolutely no escape from having to pay, at least the minimum amount of franchise tax in the state. In California, every business type mentioned above have to pay a tax minimum of $800.00 every single quarter through the year. But, often the tax bill may be higher, it is something that should be challenged. Of course, like in every dealing with a government entity, the process is complex. If you want to get an appeal ready but you don’t have time and nerves to bury yourself in paperwork, it’s time to turn to professionals who can guide you through the potentially monstrous process. On your franchise tax bill influent a lot of factors, such as: • What kind of corporation you are – some businesses have to pay out a flat rate for franchise tax, one based on the income for the year while others will have to pay a percentage of income. • Some corporations have to pay a minimum tax regardless of business success • If your tax doesn't depend on the amount of money the business generates or a flat rate fee, it can be base on the company’s net worth • The value of your property, any assets the company has, and capital stocks play a role in what you end up paying the state of California on a quarterly basis • Whether you’re making money or not and even if you’re not even doing business, you’ll still be paying the minimum tax expected in the state each and every quarter If you are ready to protest your quarterly franchise taxes, there are some things you should know that can help you not to miss out the opportunity to reduce your tax bill. You’re have to know this information: • You’ve got only 30 days from the day you get your Notice to file an appeal. • If you miss the 30-day deadline, you have to pay. • If you miss the deadline, ten days after you will get a payment demand to pay the tax. • You must speed up the writing of your appeal. • Elected officials will review your argument. • You need evidence to support your case. • You’ll have to go to a hearing as well. A Los Angeles Tax Lawyer is someone you’ll need to appeal your franchise taxes. In fact, without a lawyer it might just take you 30 days to get through the rules, regulations and guidelines In the Franchise Tax Board’s guide on appeals. But you shouldn’t let the complexity of the situation make you give up, so start looking for a Los Angeles Tax Lawyer, who will walk you through the appeal process. With an informed Los Angeles Tax Lawyer, you will be able to present a solid case to the elected officials who will review your case for the California Franchise Tax Board Appeals. Referrel Link: https://www.taxlawlosangeles.com/

2. Phone Number: 818-584-2175 Address: 15303 Ventura Blvd, #900 Sherman Oaks, CA 91403